FTMO minimum deposit and account details
Are you an experienced trader looking to grow your skill, make money and eliminate losses? Well, look no further. FTMO is a prop trading company that allows traders to manage our company’s accounts valued at up to $400,000 under the umbrella of our FTMO Proprietary Trading firm. The only requirements are to pass a two-step evaluation process and pay the minimum deposit. This article will explore the FTMO minimum deposit, payment methods and fees, account currencies versus competitors, and a step-by-step guide on how to deposit money on FTMO.
What is the FTMO minimum deposit?
The FTMO minimum deposit is €155, which is refundable in the first profit split when you become an official FTMO trader. The split ratio between the trader and FTMO is set at 80:20; however, this isn’t cast in stone. There is a provision to scale up the account by 25% every four months, and if you meet the requirements, the profit split can rise to 90:10!
Additionally, FTMO provides the following benefits to our traders:
Leverage - Enjoy a leverage ratio of 1:100 and no limits on position sizing
Trading conditions - To facilitate maximum profits for traders, we charge very low commissions and spreads, with no hidden fees
Trading style - You are free to employ your preferred trading style so long as you meet the requirements for the maximum daily losses and drawdowns
One-off payment - Other than the one-time minimum deposit that is refundable,we do not charge a membership fee or any other hidden fees
Trading instruments - We support the trading of crypto, indices, commodities, stocks, bonds and forex
Trading platforms - You get5 to choose your preferred platform, whether it is MetaTrader 4, MetaTrader 5 or cTrader
No geographical limit: You can trade from anywhere across the globe, provided you meet the basic requirements
Free trial: If you are looking to polish up your skills before committing to the FTMO Challenge, you are welcome to do so
FTMO minimum deposit Vs competitors
Different prop trading companies vary in the minimum deposits they accept. It is vital to understand the options available before choosing who to work with. Below is a comparison table displaying FTMO’s minimum deposit requirement versus our competitors:
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Minimum Deposit | €155 | €237 | €0 |
FTMO deposit methods and fees
Various deposit methods are available from one prop trading company to the next. Check out some comparisons below:
Deposit Methods Vs. Competitors
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Bank Transfer | Yes | No | Yes |
| Debit/Credit Card | Yes | Yes | Yes |
| Payment apps | Yes | Yes | n/a |
| Cryptocurrencies | Yes | No | n/a |
FTMO deposit fees
FTMO does not charge any deposit fees. Every cost on the trader is covered in the refundable minimum fee paid at the onset of your trading journey with us. This one-time fee of €155 covers everything, including the verification process. It doesn’t get much better than this!
FTMO deposit-processing time
The FTMO deposit time varies depending on the payment method used. For bank transfers, the deposit time is between 2-5 business days, while Nuvei, PayU, checkout.com, and Skrill provide FTMO instant deposits. Additionally, Confirmo and Unlimint have a deposit-processing time of up to 24 hours.
Once the deposit reflects, the next thing is that we set up the first step of your evaluation process, which is the FTMO Challenge. We typically process your FTMO Challenge within a few hours.
FTMO account currencies
It is important to note that you should be ready to lose money on currency conversion when depositing money in a foreign currency.
FTMO offers its services in euros, and if a payment is made in a foreign currency, the current exchange rate will be applied in the conversion.
| FTMO | SurgeTrader | Kinglab | |
|---|---|---|---|
| Account Currencies | Euro | USD | USD |
How to deposit money on FTMO - step by step guide
The following is a step-by-step guide on how to deposit money on FTMO to get started on your trading journey:
Click here to start on the FTMO challenge.
Register your account.
Fill in your details to sign up.
Set a password via the email sent to your inbox by FTMO.
Log in to your account.
Select the “Start FTMO Challenge” option.
Configure your FTMO Challenge to your preference and read through the terms and conditions.
Confirm the details from step 7 above and proceed to make payment.
FAQ
What is FTMO?
FTMO is a prop trading company that funds traders to trade on our company’s account under our FTMO Proprietary Trading firm. This account is valued at up to $400,000. The profit ratio split between the trader and FTMO ranges from 80:20 to 90:10.
What is the FTMO minimum deposit?
Only €155. If you select a foreign currency to make this payment, the conversion will be according to the current conversion rate.
What payment methods are available at FTMO?
Debit/credit cards, bank transfers, cryptocurrencies, Skrill, and Google Pay.
Who is eligible to sign up on FTMO?
Anyone above the age of 18 years without a criminal record related to terrorism or financial crime. We accept traders from any country except Iran, North Korea, and Syria. However, you cannot trade with us if you have previously breached our contract.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Also, Andrey is a member of the National Union of Journalists of Ukraine (membership card No. 4574, international certificate UKR4492).
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.